LOTHIAN ELECTRIC MACHINES NO.2 LIMITED

💤Zombieactive
SC382393 · ltd · incorporated 2010-07-22
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 27110
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
9 officers (2 active, 9 linked, 4 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-08-21
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  2. 2025-06-19
    📄
    accounts-with-accounts-type-group
    accounts · AA
  3. 2024-11-14
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  4. 2024-06-29
    📄
    accounts-with-accounts-type-group
    accounts · AA
  5. 2023-06-30
    📄
    accounts-with-accounts-type-group
    accounts · AA
  6. 2022-07-01
    📄
    accounts-with-accounts-type-group
    accounts · AA
  7. 2022-02-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2022-01-19
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  9. 2022-01-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2022-01-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2021-12-21
    ➕
    MFMAC SECRETARIES LIMITED appointed
    corporate-secretary
  12. 2021-12-01
    ➖
    LIMMER, Andrew John resigned
    secretary
  13. 2021-12-01
    ➖
    LIMMER, Andrew John resigned
    director
  14. 2021-11-08
    ➕
    BURGESS, Andrew Roy appointed
    director
  15. 2021-10-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-10-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2021-09-30
    ➖
    BLUNSUM, Elizabeth resigned
    director
  18. 2021-09-30
    ➕
    LIMMER, Andrew John appointed
    director
  19. 2021-06-24
    📄
    accounts-with-accounts-type-group
    accounts · AA
  20. 2020-07-02
    📄
    accounts-with-accounts-type-group
    accounts · AA
  21. 2019-07-17
    📄
    accounts-with-accounts-type-group
    accounts · AA
  22. 2019-06-20
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  23. 2019-06-10
    ➕
    LIMMER, Andrew John appointed
    secretary
  24. 2016-11-17
    ➖
    BELMONT, David Gresford resigned
    secretary
  25. 2010-07-23
    ➕
    BELMONT, David Gresford appointed
    secretary
  26. 2010-07-23
    ➖
    HAMMONDS SECRETARIES LIMITED resigned
    corporate-secretary
  27. 2010-07-23
    ➕
    BLUNSUM, Elizabeth appointed
    director
  28. 2010-07-23
    ➖
    CROSSLEY, Peter Mortimer resigned
    director
  29. 2010-07-23
    ➖
    HAMMONDS DIRECTORS LIMITED resigned
    corporate-director
  30. 2010-07-22
    🏢
    Company incorporated
    As LOTHIAN ELECTRIC MACHINES NO.2 LIMITED
  31. 2010-07-22
    ➕
    HAMMONDS SECRETARIES LIMITED appointed
    corporate-secretary
  32. 2010-07-22
    ➕
    CROSSLEY, Peter Mortimer appointed
    director
  33. 2010-07-22
    ➕
    HAMMONDS DIRECTORS LIMITED appointed
    corporate-director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Jakes
Individual · British · DOB 05/1956 · age 70
75–100%
—75-100% shares01/05/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2010-07-22
Jurisdictionscotland
Primary SIC27110 — SIC 27110

Registered office

1 Hospital Road
Haddington
East Lothian
EH41 3PD

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-02-19
Last: 2026-02-05

Officers (2 active · 7 resigned)

MFMAC SECRETARIES LIMITED→
corporate-secretary · appointed 2021-12-21
View their other companies + combined net worth →
Active
BURGESS, Andrew Roy→
director · ~56y · appointed 2021-11-08
View their other companies + combined net worth →
Active
BELMONT, David Gresford→
secretary · appointed 2010-07-23 · resigned 2016-11-17
Resigned
LIMMER, Andrew John→
secretary · appointed 2019-06-10 · resigned 2021-12-01
Resigned
HAMMONDS SECRETARIES LIMITED→
corporate-secretary · appointed 2010-07-22 · resigned 2010-07-23
Resigned
BLUNSUM, Elizabeth→
director · ~61y · appointed 2010-07-23 · resigned 2021-09-30
Resigned
CROSSLEY, Peter Mortimer→
director · ~69y · appointed 2010-07-22 · resigned 2010-07-23
Resigned
LIMMER, Andrew John→
director · ~45y · appointed 2021-09-30 · resigned 2021-12-01
Resigned
HAMMONDS DIRECTORS LIMITED→
corporate-director · appointed 2010-07-22 · resigned 2010-07-23
Resigned

Click a director name to see their full track record across all companies.

Recent filings (53 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-09
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-08-21
accounts-with-accounts-type-group
accounts · AA
2025-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-18
change-corporate-secretary-company-with-change-date
officers · CH04
2024-11-14
accounts-with-accounts-type-group
accounts · AA
2024-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
accounts-with-accounts-type-group
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-21
accounts-with-accounts-type-group
accounts · AA
2022-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-07
termination-secretary-company-with-name-termination-date
officers · TM02
2022-02-02
appoint-corporate-secretary-company-with-name-date
officers · AP04
2022-01-19
termination-director-company-with-name-termination-date
officers · TM01
2022-01-19
appoint-person-director-company-with-name-date
officers · AP01
2022-01-19